NETHERLANDS - VNU shareholders approve changes to supervisory board

Mr A. Jacobs stepped down as chairman of the supervisory board, as did Mr F. Meysman, current vice chairman and Messrs J. Brentjens, R. Dahan, P. Elverding and A. van Rossum.

Mr G. Hobbs, a VNU supervisory member since 2004 who is independent from Valcon, remains on the supervisory board, and the following new members were appointed: Mr I. Leigh (representative of AlpInvest Partners); Mr M.Chae (representative of The Blackstone Group); Mr R. Reid (representative of The Blackstone Group); Mr M. Connelly (representative of The Carlyle Group); Mr E. Merrill (representative of The Carlyle Group); Mr P. Healy (representative of Hellman & Friedman LLC); Mr A. Navab (representative of Kohlberg Kravis & Roberts & Co); Mr S. Brown (representative of Kohlberg Kravis & Roberts & Co); Mr S. Schoen (representative of Thomas H. Lee Partners); Mr G. Taylor (representative of Thomas H. Lee Partners); and Mr D. Eustace (who is independent within the meaning of the Dutch Corporate Governance Code and is independent from Valcon).

In addition, VNU announced that the supervisory board has appointed Rob Ruijter as interim chief executive officer, effective immediately. Mr. Ruijter succeeds Rob van den Bergh, who, as expected, stepped down from his position as CEO and a member of the executive board at the conclusion of the meeting. Mr. Ruijter will serve as interim CEO while the company continues its search for a permanent CEO. In addition to his new role, Mr. Ruijter will retain his current responsibilities as chief financial officer of VNU.

VNU is majority owned by Valcon Acquisition, which currently holds 98.97% of the share capital of VNU and will initiate a squeeze-out procedure to acquire all remaining shares held by minority shareholders. VNUs shares will be delisted from Euronext Amsterdam on 11 July with the last day of trading on 10 July.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Benelux